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Some mortgage companies, require private mortgage insurance (PMI) for conventional loans on a home when you have less than 20% equity. So, if you can’t put down a 20% down payment, you may have to pay PMI, until you pay off 20% of the home value.
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Top 8 Ways to Get a Mortgage with Bad Credit – dividend.com – This article highlights different ways to get a mortgage even if you have bad credit.
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